In the realm of business, outsourcing has a longstanding reputation as a cost-effective solution for companies looking to streamline operations and increase efficiency. But what if I told you that outsourcing could be so much more than just a bottom-line strategy? Enter impact sourcing: a paradigm shift that transcends mere profit margins and seeks to make a tangible difference in communities around the globe.
The worldwide poverty situation remains a critical challenge, with over 700 million people living in extreme poverty (defined as living on less than $1.90 a day) as of 2019, according to the World Bank. Poverty perpetuates cycles of deprivation, limiting access to education, healthcare, and opportunities for economic advancement. Addressing global poverty is not just a moral imperative but also makes economic sense. Businesses have a crucial role to play through impact sourcing, which can significantly impact poverty alleviation by creating sustainable employment opportunities. Studies have shown that impact sourcing can increase income levels by up to 75% for employees and their families, contributing directly to poverty reduction efforts. By focusing efforts on impact sourcing, businesses not only build inclusive growth but also shape resilient communities, enhance corporate reputation, and contribute positively to global development goals such as the UN Sustainable Development Goals (SDGs).

What Exactly is Impact Sourcing?
Impact sourcing is a business practice that aims to provide sustainable employment opportunities to individuals who face barriers to traditional employment, such as those in underserved communities or with limited access to education. By intentionally hiring and training these individuals in roles that leverage their skills, impact sourcing not only drives economic inclusion but also contributes to social upliftment and community development. This approach not only benefits the individuals involved by offering them stable jobs and career growth but also enables companies to fulfill their corporate social responsibility goals while accessing a talented and diverse workforce.
At its core, impact sourcing is about more than just dollars and cents, it’s about creating opportunities where they’re needed most. Picture this: a small business in a developing country struggling to gain a foothold in the global marketplace. Meanwhile, halfway across the world, a larger corporation is searching for ways to cut costs without compromising quality. It’s a match made in outsourcing heaven.
By intentionally directing outsourcing efforts to regions with high rates of unemployment or underemployment, companies can serve as catalysts for economic growth and social change. Through training, mentorship, and job creation, they can empower individuals to break free from the cycle of poverty and build a better future for themselves and their families.

Your Business Can Help Communities Thrive
But the benefits of impact sourcing extend far beyond the balance sheet. By investing in local talent and infrastructure, companies can foster goodwill and strengthen ties within the communities they serve. It’s a virtuous cycle that not only boosts the bottom line, but also leaves a lasting legacy of empowerment and opportunity.
In a world where the gap between the haves and the have-nots continues to widen, impact sourcing offers a glimmer of hope, a pathway to prosperity that benefits all parties involved. It’s a win-win situation: companies save money and communities have opportunity to thrive. At SkyFish we have impact sourcing at our core for passion and purpose. We are intentionally and strategically located in a region of India that has a great need for opportunity, job creation, and economic growth. Partner with SkyFish and you can help us, help you, to help them.
So, as we chart the course for the future of outsourcing, let’s not lose sight of the power of purpose. By realizing the transformative potential of impact sourcing, we can build a more equitable, sustainable world one job, one community at a time.